In April 2020, Airtel Payments Bank partnered with which of the following to offer a simple and focused health insurance plan to provide financial protection against COVID-19?

In April 2020, Airtel Payments Bank partnered with which of the following to offer a simple and focused health insurance plan to provide financial protection against COVID-19? Correct Answer Bharti AXA General Insurance Company

The correct answer is Bharti AXA General Insurance Company.

Key Points

  • Airtel Payments Bank and Bharti AXA have collaborated to provide the Smart Drive Private Car Insurance.
  • The insurance can be bought by the Airtel Bank's users through Airtel Thanks App without any pre-inspection.
  • The car insurance policy has the following features:
    • Financial protection against damage of the vehicle in an accident, natural disaster, or in the case of theft.
    • Compensation for the injury of the other person affected by the accident.
    • Accident cover, to protect the family of the policyholder in case of death or disablement.
  • These two entities had partnered earlier in April 2020 also to provide a Covid-19 insurance policy.

Additional Information

  • Bharti AXA General Insurance Company​
    • The Bharti AXA General Insurance Company was established in the year 2008. 
    • It is headquartered in Mumbai, Maharashtra. 
    • It is a joint venture between Bharti Group and AXA business group. 
    • The tagline of the company is Suraksha ka Naya Nazariya. 

Related Questions

Airtel Payments Bank has partnered with which of the following to offer comprehensive car insurance to the payments bank’s customers?
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: In a bid to find a successor to founder CEO Rana Kapoor, The Yes Bank has formed a five member panel including two members from outside the bank, less than a week after Reserve Bank of India (RBI) cut short his tenure until January 31 2019. In a press release sent to the exchanges late on Tuesday evening, Yes Bank said that the “search and selection committee” would comprise of three members of the bank’s nomination and remuneration committee and also two external members, which the bank did not specify.  Courses of action: I. However, the board has requested the Reserve Bank of India (RBI) to grant an extension to Kapoor up to September 2019 ‘for finalization of audited financial statements for fiscal year ending March 2019 and in order for the statutory AGM process to be completed’. II. The board has also recommended the elevation of senior group presidents Rajat Monga and Pralay Mondal as executive directors ‘to ensure a long term succession plan within Yes Bank, and given the demonstrated track record of these two senior leaders’. All this will be subject to RBI approval.  III. The panel will comprise of five members and will focus on find a successor to Rana Kapoor.